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Wednesday, 21 July 10
CHARTER RATES FOR BIG SHIPS GO INTO FREEFALL
It is reported that concerns over the slowdown in the mainland construction sector posturing over ore price negotiations and a general summer slowdown have seen charter rates for large dry bulk ships go into freefall as iron ore cargoes evaporated Shipbrokers said a dearth of coal cargoes and an oversupply of large ships had also contributed to the slump in rental prices.
Charter rates for large dry bulk capesize vessels of around 180,000 deadweight tonnes are down to their lowest level for 14 months. The crash has been so swift that shipowners and operators have lost around USD 270,000 in revenue in the past week on a voyage from Australia to China and more than USD 800,000 on a Brazil to China voyage.
Shipowners would generate revenue of about USD 1.17 million from an Australia-China voyage based on the prevailing rate recently compared with USD 1.44 million last Thursday.
Shipbrokers said rates for a large capesize vessel were on a par with those for a handysize ship that had a cargo carrying capacity that was almost six times smaller. Observers thought the slump would continue until at least the end of August.
Shipbrokers said mainland iron ore traders had been largely absent from the chartering market for large vessels for the past two months. This became apparent after preliminary customs figures showed the mainland imported 47.17 million tonnes of iron ore in June, down 9.1% from the 51.9 million tonnes in May and down 15%YoY. The May import figure was also down by 6pct MoM.
Customs said the mainland brought in 309.3 million tonnes of iron ore in the first six months of 2010 up by 4.1%YoY.
Source: CargoNewsAsia / Hellenic Shipping
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Wednesday, 23 June 10
WILHELMSEN SHIPS SERVICE OPENS NEW OFFICE IN KRISHNAPATNAM PORT INDIA
Wilhelmsen Ships Service has opened a branch office in Krishnapatnam port on the east coast of India according to statement released by company ...
Wednesday, 23 June 10
PTC'S INDONESIAN COAL-MINING FORAY-I: TO INVEST USD 69 MILLION VIA OVERSEAS SPV
Moving ahead with its plans to acquire coal assets abroad, the power trading major, PTC India Limited, has decided to invest a total of USD 69 milli ...
Tuesday, 22 June 10
INDIA HAS REPORTED MORE COAL IMPORTS FROM COLOMBIA
A second consecutive week of sharp corrections for the dry bulk market, although some of the softness could be attributed to Chinese holidays at the ...
Monday, 21 June 10
THE SUPRAMAX INDEX IN THE FAR-EAST (S6 ROUTE) WAS DOWN BY $ 1300 PER DAY - VISTAAR
COALspot.com: The market continued to soften in all sectors last week also with the BDI dropping by 18.07 pct and Cape index by 26.71 pct.
The BD ...
Sunday, 20 June 10
OUR COAL: ITS DEVELOPMENT AND CONTROVERSIAL ISSUES
Indonesia’s production of coal has been growing amazingly. In the mid 1980s, national coal production was less than 1 million tons per annum, ...
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- Maharashtra Electricity Regulatory Commission - India
- Economic Council, Georgia
- TNB Fuel Sdn Bhd - Malaysia
- Sindya Power Generating Company Private Ltd
- International Coal Ventures Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Carbofer General Trading SA - India
- Wood Mackenzie - Singapore
- Makarim & Taira - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Directorate Of Revenue Intelligence - India
- Gujarat Sidhee Cement - India
- Mercator Lines Limited - India
- GAC Shipping (India) Pvt Ltd
- Banpu Public Company Limited - Thailand
- Cigading International Bulk Terminal - Indonesia
- ASAPP Information Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Xindia Steels Limited - India
- Oldendorff Carriers - Singapore
- Wilmar Investment Holdings
- Latin American Coal - Colombia
- Vizag Seaport Private Limited - India
- Kideco Jaya Agung - Indonesia
- OPG Power Generation Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Kepco SPC Power Corporation, Philippines
- Medco Energi Mining Internasional
- Aboitiz Power Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Savvy Resources Ltd - HongKong
- Straits Asia Resources Limited - Singapore
- Tata Chemicals Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- Standard Chartered Bank - UAE
- Global Coal Blending Company Limited - Australia
- Australian Coal Association
- Gujarat Mineral Development Corp Ltd - India
- Rio Tinto Coal - Australia
- Goldman Sachs - Singapore
- Central Electricity Authority - India
- Deloitte Consulting - India
- Australian Commodity Traders Exchange
- Malabar Cements Ltd - India
- The State Trading Corporation of India Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Uttam Galva Steels Limited - India
- Indika Energy - Indonesia
- Aditya Birla Group - India
- Indogreen Group - Indonesia
- Indo Tambangraya Megah - Indonesia
- Marubeni Corporation - India
- Kobexindo Tractors - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Commonwealth Bank - Australia
- Orica Australia Pty. Ltd.
- Alfred C Toepfer International GmbH - Germany
- Thiess Contractors Indonesia
- Karaikal Port Pvt Ltd - India
- Eastern Energy - Thailand
- Mjunction Services Limited - India
- Bukit Baiduri Energy - Indonesia
- VISA Power Limited - India
- McConnell Dowell - Australia
- Billiton Holdings Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Georgia Ports Authority, United States
- Energy Development Corp, Philippines
- Bhoruka Overseas - Indonesia
- Kaltim Prima Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Globalindo Alam Lestari - Indonesia
- Parry Sugars Refinery, India
- Baramulti Group, Indonesia
- LBH Netherlands Bv - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chamber of Mines of South Africa
- SMG Consultants - Indonesia
- Ministry of Mines - Canada
- Riau Bara Harum - Indonesia
- MS Steel International - UAE
- Port Waratah Coal Services - Australia
- Bulk Trading Sa - Switzerland
- Kartika Selabumi Mining - Indonesia
- Interocean Group of Companies - India
- Independent Power Producers Association of India
- Electricity Generating Authority of Thailand
- Agrawal Coal Company - India
- Central Java Power - Indonesia
- Jindal Steel & Power Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Transport, Egypt
- Sojitz Corporation - Japan
- Simpson Spence & Young - Indonesia
- Anglo American - United Kingdom
- Coastal Gujarat Power Limited - India
- The Treasury - Australian Government
- IHS Mccloskey Coal Group - USA
- Siam City Cement - Thailand
- Bharathi Cement Corporation - India
- Holcim Trading Pte Ltd - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Merrill Lynch Commodities Europe
- PowerSource Philippines DevCo
- IEA Clean Coal Centre - UK
- Intertek Mineral Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Mining Services - Indonesia
- Kumho Petrochemical, South Korea
- Ceylon Electricity Board - Sri Lanka
- Jorong Barutama Greston.PT - Indonesia
- Power Finance Corporation Ltd., India
- Ministry of Finance - Indonesia
- Indian Oil Corporation Limited
- White Energy Company Limited
- Kalimantan Lumbung Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Star Paper Mills Limited - India
- Sarangani Energy Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Bukit Makmur.PT - Indonesia
- Thai Mozambique Logistica
- Planning Commission, India
- Price Waterhouse Coopers - Russia
- Electricity Authority, New Zealand
- TeaM Sual Corporation - Philippines
- Borneo Indobara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- Salva Resources Pvt Ltd - India
- GMR Energy Limited - India
- Krishnapatnam Port Company Ltd. - India
- Therma Luzon, Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Heidelberg Cement - Germany
- GN Power Mariveles Coal Plant, Philippines
- Trasteel International SA, Italy
- Mintek Dendrill Indonesia
- Miang Besar Coal Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Cement Manufacturers Association - India
- CNBM International Corporation - China
- South Luzon Thermal Energy Corporation
- CIMB Investment Bank - Malaysia
- Siam City Cement PLC, Thailand
- Metalloyd Limited - United Kingdom
- Toyota Tsusho Corporation, Japan
- Posco Energy - South Korea
- Romanian Commodities Exchange
- Ambuja Cements Ltd - India
- Singapore Mercantile Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Binh Thuan Hamico - Vietnam
- Manunggal Multi Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petron Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- PTC India Limited - India
- The University of Queensland
- SN Aboitiz Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- PNOC Exploration Corporation - Philippines
- GVK Power & Infra Limited - India
- Videocon Industries ltd - India
- Bhushan Steel Limited - India
- Indonesian Coal Mining Association
- India Bulls Power Limited - India
- London Commodity Brokers - England
- Africa Commodities Group - South Africa
- Barasentosa Lestari - Indonesia
- Attock Cement Pakistan Limited
- Edison Trading Spa - Italy
- San Jose City I Power Corp, Philippines
- Altura Mining Limited, Indonesia
- Ind-Barath Power Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- Minerals Council of Australia
- Bayan Resources Tbk. - Indonesia
- Semirara Mining Corp, Philippines
- Larsen & Toubro Limited - India
- Antam Resourcindo - Indonesia
- Dalmia Cement Bharat India
- Eastern Coal Council - USA
- Samtan Co., Ltd - South Korea
- SMC Global Power, Philippines
- Essar Steel Hazira Ltd - India
- Vedanta Resources Plc - India
- Pendopo Energi Batubara - Indonesia
- Renaissance Capital - South Africa
- ICICI Bank Limited - India
- Meralco Power Generation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sakthi Sugars Limited - India
- Chettinad Cement Corporation Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Mercuria Energy - Indonesia
- Tamil Nadu electricity Board
- Parliament of New Zealand
- Bhatia International Limited - India
- Grasim Industreis Ltd - India
- Coalindo Energy - Indonesia
- Coal and Oil Company - UAE
- Madhucon Powers Ltd - India
- Bangladesh Power Developement Board
- Indian Energy Exchange, India
- Formosa Plastics Group - Taiwan
- Meenaskhi Energy Private Limited - India
- Sical Logistics Limited - India
- New Zealand Coal & Carbon
- Jaiprakash Power Ventures ltd
- Kohat Cement Company Ltd. - Pakistan
- Lanco Infratech Ltd - India
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